The typical owner-occupied home in Clayville is worth about $390,000, 4% below the Rhode Island median of $404,200 and 17% above the national median of $332,700. Owners pay a median $4,900 a year in property taxes, about 1.26% of their home's value, close to the Rhode Island rate of 1.21%. The median household earns $125,174 a year, so the median home costs 3.1 times the median income (4.6 times for Rhode Island). 100% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Clayville at a glance
| Clayville | Rhode Island | U.S. | |
|---|---|---|---|
| Median home value | $390,000 | $404,200 | $332,700 |
| Median property tax paid per year | $4,900 | $4,900 | $3,119 |
| Property tax as a share of value | 1.26% | 1.21% | 0.94% |
| Median household income | $125,174 | $87,796 | $80,734 |
| Homes lived in by their owners | 100% | 64% | 65% |
| Owner homes with a mortgage | 63% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,217 | $2,234 | $1,963 |
| Those costs as a share of the owners' income | 24.6% | 22.1% | 21.0% |
| Median rent | – | $1,342 | $1,413 |
| Median year homes were built | 1938 | 1962 | 1980 |
| Vacant homes | 12.1% | 9.1% | 10.1% |
| Population | 296 | 1,101,801 | 334,922,499 |
What a typical home costs per month in Clayville
At this week's average 30-year rate of 7.11%, buying the median Clayville home of $390,000 with 20% down costs about $2,671 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,321, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $114,465 for the 20%-down payment. That payment is 26% of the median Clayville household income of $125,174; at that income and 20% down, the 28% guideline points to a home of about $426,000.
| Down payment | $78,000 |
|---|---|
| Loan amount | $312,000 |
| Principal and interest | $2,099 |
| Property taxes (1.26% a year) | $410 |
| Homeowners insurance (our estimate, 0.5% a year) | $162 |
| PMI | $0 |
| Total per month | $2,671 |
Change the numbers in the calculator
| Down payment | $13,650 |
|---|---|
| Loan amount | $382,936 |
| Principal and interest | $2,576 |
| Property taxes (1.26% a year) | $410 |
| Homeowners insurance (our estimate, 0.5% a year) | $162 |
| FHA mortgage insurance | $172 |
| Total per month | $3,321 |
Change the numbers in the calculator
Questions about home buying in Clayville
What is the median home value in Clayville?
About $390,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clayville?
Homeowners pay a median $4,900 a year, which is about 1.26% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Clayville?
For the median home with 20% down at 7.11%, the payment is about $2,671 a month. Keeping that under 28% of gross income takes about $114,465 a year.
More about Clayville
- Mortgage Refinance in Clayville
- Debt Relief in Clayville
- Home Equity Loans in Clayville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data